The United States confiscated $ 5,4 million from the Russian oligarch: the money should be transferred to Ukraine
US Attorney's Office may confiscate $5,4 million that belongs to sanctioned Russian businessman Konstantin Malofeev. These funds can be used to restore war-torn Ukraine, reports to Reuters.
U.S. District Judge Paul Gardef's decision in federal court in Manhattan was the first forfeiture of a Russian oligarch's assets since the Justice Department set up a group in 2022 to seize funds from allies of Russian President Vladimir Putin in response to the invasion of Ukraine.
US President Joe Biden signed into law in late 2022 a law allowing the Department of Justice to transfer some of the confiscated assets to the State Department to help Ukraine. US law restricts the government's use of confiscated assets.
On the subject: Italian mobster arrested after 16 years on the run: he worked in a pizzeria in France
Malofeev, the owner of the Orthodox television channel Tsargrad TV, has been accused by US authorities of funding separatists in Crimea, which Russia annexed in 2014.
Malofeev, who denies funding the separatists, was sanctioned by Washington in 2014 and charged with sanctions violations in 2022. He is believed to be at large in Russia.
Andrew Adams, head of the Justice Department's KleptoCapture task force, said last month that the first confiscated funds could be transferred to Ukraine soon.
Like the article? Support ForumDaily!(I.e.
“These amounts are minuscule compared to the cost of the catastrophe that Russia has inflicted on the people and land of Ukraine, but the contribution is important,” Adams said in a speech at the Hudson Institute.
Prosecutors said in court documents late last year that they were entitled to money in Malofeev's Denver-based Sunflower Bank account because he tried to transfer it to a business partner in violation of U.S. sanctions.
Because Malofeev did not contest the confiscation claim, prosecutors said on February 2 that the funds should be confiscated by default.
The KleptoCapture task force has temporarily seized the assets of other oligarchs, including a $300 million yacht, but has yet to receive an order for their final confiscation.
You may be interested in: top New York news, stories of our immigrants, and helpful tips about life in the Big Apple - read it all on ForumDaily New Y.
Read also on ForumDaily:
How to quickly improve your English: tips from professionals on what is really important in the language and what you can 'score' on
The girl won $ 35,7 million by buying her first lottery ticket
US recalls eye drops due to bacterial contamination: 1 dead, 5 blind
stdClass Object ([term_id] => 1 [name] => Miscellaneous [taxonomy] => category [slug] => no_theme)Miscellanea
stdClass Object ([term_id] => 2640 [name] => confiscation [taxonomy] => post_tag [slug] => konfiskatsiya)confiscation
stdClass Object ([term_id] => 13334 [name] => In the homeland [taxonomy] => category [slug] => novosti-rodini)At home
stdClass Object ([term_id] => 18250 [name] => Russian oligarch [taxonomy] => post_tag [slug] => rossijskij-oligarx)Russian oligarch
stdClass Object ( [term_id] => 30633 [name] => WAR RUSSIA AND UKRAINE [taxonomy] => special [slug] => vojna-rossii-i-ukrainy )
Do you want more important and interesting news about life in the USA and immigration to America? - support us donate! Also subscribe to our page Facebook. Choose the "Display Priority" option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram - there are many interesting things. And join thousands of readers ForumDaily Woman и ForumDaily New York - there you will find a lot of interesting and positive information.